Kansas sports wagers hit record of $275 million in October

Neha Soni November 18, 2024

SiGMA news

Kansas sports wagers hit record of $275 million in October

Sports betting in Kansas hit a new monthly high, with record wagers being registered in October. The month noted sports wagers of $275.9 million in October, a rise of 11 percent from the previous year.

Online sports betting in the state also rose 11 percent to $266.3 million, a new monthly high. Whereas retail betting was up by 9 percent to $9.6 million from the previous year. Of this, DraftKings occupied the largest share of 46 percent, with the betting company registering a record amount of online wagers at $122.8 million, rising 7 percent.

FanDuel saw its online handle register 26 percent more wagers to $85.0 million. BetMGM wagers increased by 10 percent to $23.0 million.

ESPN BET, Caesars and Fanatics were closely matched by online handle on $12.5 million, $12.0 million and $11.2 million, respectively. ESPN BET’s handle made up 72 percent of the state’s retail betting sector with $6.9 million.

However, online betting win was down by 47 percent to $12.9 million, and retail betting win slumped by 95 per cent to $66,662. FanDuel’s online gross win of $5.8 million was ahead of DraftKing’s $4.3 million.

For the first half of this year, Kansas continued to experience significant growth in its sports betting market, with the total handle reaching $1.2 billion, surpassing initial expectations. In June, the handle surged by an impressive 43 percent year-over-year, reaching $140.1 million (approximately €128.7 million).?

About Kansas sports betting

The online sports betting in?Kansas was launched in September 2022?with six major sportsbooks, including FanDuel, Caesars, BetMGM, and DraftKings. These sportsbooks offer a variety of betting options and enticing welcome bonuses.

FanDuel is known for its user-friendly interface and unique same-game parlay wagers; Caesars provides frequent promotions and competitive odds; BetMGM appeals to users with its strong loyalty?programme?and competitive betting lines; and DraftKings is?recognised?for its innovative features such as the stats hub and betting pools.?

The market is expected to expand further, potentially reaching 12 online sportsbooks. Additionally, some Kansas casinos already offer retail sports betting options.